Best Inexpensive DAC


In the last 12 months I have mananged to purchase a used ML27.5, used ML38S and a new pair of Thiel 2.4. I am broke, but I can't stand listening to my old Denon CD player form 1992. I do have a coax digital out on the unit, so I thought of purchasing an interim inexpensive DAC to get me by until I can get something a little better. Any suggestions?
dewinkle
I'm not quite sure how you define "inexpensive", but I'll toss out a suggestion for what it's worth.

I'm a Birdland dealer, and the now-discontinued Odeon Lite is a very nice little DAC with a volume control. I sold many pairs of $16,000 ballpark Sound Lab electrostats using the $970 list Odeon Lite as my DAC. There are a couple of used units for sale here in the $500 ballpark, which is quite reasonable.
I believe that a Timbre TT-1 or Adcom 700 DAC {believe that is the model #},would make improvements.Can't comment on the Birdland,but it is warrantied.You might read the TAS review of the Birdland to get an idea.
Another approach is to check scott-nixon.com for his pared down, purist approach DAC's listed new from $250 to $500 range.
In this very modest cost approach to top quality, there is even option of tube output DAC.
The Bel Canto DAC 1.1 can normally be had around $500 and the DAC 2 for a bit over $800. Also, the Perpetual Technologies P-3A is fairly good with a few modifiations for less than $500.

Rick